Supporting Nayax’s $350M Acquisition

Proud to have advised on the acquisition financing of Nayax’s $350 million acquisition of IPS Group in the United States.
Nayax (Nasdaq: NYAX; TASE: NYAX), a global payments and commerce platform, has completed its acquisition of IPS Group, a leading provider of smart parking technology, in an all-cash transaction valued at USD $350 million.
The acquisition strengthens Nayax’s position in the global smart mobility market, combining smart parking, payment solutions, and EV charging infrastructure.

Our firm was pleased to advise our client Nayax on the financing of this important acquisition which was financed by Israeli financial institutions which included approximately USD $150 million in debt financing provided by Bank Hapoalim and First International Bank of Israel (FIBI).The transaction was handled by the Banking and Finance department of our firm and led by Aviad Lachmanovitch and Simon Weintraub . We worked closely on this transaction together with our colleagues in the US at Reed Smith LLP .
Congratulations to Nayax and all parties involved on this significant milestone in the Israeli Fintech industry.